In episode 1622, Editor-in-Chief Shekhar Gupta & Deputy Editor Snehesh Alex Philip discuss how China is now a dominant shipbuilding force, accounting for nearly 50% of global shipbuilding.
PLA Navy now fields more warships than US Navy and is on track to deploy 425-ship fleet by 2030, sustained by industrial base capable of replacing, repairing vessels way faster than US yards.
Multi-role ship part of $2.5 billion deal inked with Russia in 2016. It underwent extensive post-construction tests from January this year by a team of Indian specialists.
Stocks of defence firms surged in past few yrs, by over 1,000% in some cases, driven by narrative that they would gain from govt’s domestic procurement push. Now, those stocks are tanking.
The accused allegedly colluded and committed activities by way of diversion of funds for the purpose other than for which the funds were released by the bank, a CBI officer said.
Russian firm United Shipbuilding Corporation has been eyeing Navy's Project 75I under which 6 conventional submarines with air-independent propulsion systems are to be built.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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